Research Article
The Impact of Subway Lines on Residential Property Values in Tianjin: An Empirical Study Based on Hedonic Pricing Model
Table 2
Regression results of residential property values near subway line 3.
| | Region | | Variables | Coefficient | | |
| | Regression of characteristic variables of property prices near the entire subway line 3 | 0.999739 | Constant | 10.14595 | 0.00 | 0.00 | | Distance to CBD | −0.076619 | 0.00 | 0.00 | | Distance to nearest subway line 3 station | −0.099011 | 0.00 | 0.00 | | Distance to nearest key schools | −0.042276 | 0.00 | 0.00 | | Floor area ratio | −0.024547 | 0.00 | 0.00 |
| | Regression of characteristic variables of property prices near nonurban centre areas of subway line 3 | 0.984989 | Constant | 10.00903 | 0.00 | 0.00 | | Distance to CBD | −0.059938 | 0.00 | 0.00 | | Distance to nearest subway line 3 station | −0.247471 | 0.00 | 0.00 | | Distance to nearest first-class hospital | −0.036604 | 0.0005 | 0.00 | | Floor area ratio | −0.009824 | 0.0590 | 0.00 |
| | Regression of characteristic variables of property prices near urban centre areas of subway line 3 | 0.956991 | Constant | 10.08503 | 0.00 | 0.00 | | Distance to nearest subway line 3 station | −0.079166 | 0.2710 | 0.00 | | Distance to nearest park | −0.089342 | 0.0001 | 0.00 | | Distance to nearest key schools | −0.097831 | 0.00 | 0.00 |
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